An unnamed crypto wallet closed long positions in 1,000 Bitcoin and 10,000 Ether, generating over $20 million in gains after holding them for four months. The wallet then opened a new 20x leveraged short position on 13,000 Ether, valued at $29 million. This marks a significant bearish bet on Ether following a period of bullish exposure to both Bitcoin and Ether. The move signals a strategic shift in the wallet's outlook on Ether while exiting Bitcoin positions.
The crypto wallet's $29 million Ether short position follows a $20 million gain from Bitcoin and Ether holdings. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 30, 2026 14:41 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. Notable movers include YFI at Rp32.465.898 with a -13.65% change, BAL at Rp16.297 with +11.14%, and ENJ at Rp407 with -10.32%.
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